Pickle_Trader

$BTC breaking below mid-range. Watching 4hr candle

Short
COINBASE:BTCUSD   Bitcoin
Wide red candle in the last hour breaking below the mid-range. If 4hr closes below sentiment will get increasingly bearish and increase a likelihood of sweeping the 5700 area lows. No surprises with bitcoin price action. Can see anything happening. My trading stack is in cash atm. Have resting orders at 5650 and below anticipating one last flush before we moon into halving. If the move below mid-range fails and price accepts above 6900 will start looking for long entries to get back to all-in spot. That said, will let price influence my bias and remain on my toes.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.